FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The Soft Company has provided the following information after year-end adjustments.
- Allowance for doubtful accounts was $11,000 at the beginning of the year and $30,000 at the end of the year.
Accounts receivable were $80,000 at the beginning of the year and $420,000 at the end of the year.- Accounts written off as uncollectible totaled $20,000.
- Net sales totaled $2,700,000.
- Sales discounts were $100,000
What was the amount of Soft's
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